Jean-Luc's role at Intercontinental Exchange, ICE, Futures Europe entails facilitating the development, growth and promotion of ICE’s new and existing energy Futures and OTC markets. Prior to joining ICE, he worked at Platts as a forward curve and futures editor. In this radio feature he elaborates on why Brent Crude has emerged as the reference crude oil benchmark, volumes traded over the last 12 months, how it compares with other benchmarks such as WTI and Dubai, and tells us more about why their latest product was launched.
Listen to the complete feature Brent Crude as a Benchmark
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Why is Brent Crude being used as a benchmark?
What has been and led to the growth in volumes experienced in ICE Brent Futures over the last 12 months – would you say there has there been a rise in “hedgies” since the Iran embargo was announced … and how does this compare with other futures traded in the oil complex?
Why has the spread between Brent Crude and the WTI been widening over the last few years?
How does Brent Crude as a benchmark compare with the Dubai benchmark?
Can you tell us more about the latest product you have launched?